Independent Wealth Network Inc. Buys 616 Shares of JPMorgan Income ETF (NYSEARCA:JPIE)

Independent Wealth Network Inc. lifted its holdings in JPMorgan Income ETF (NYSEARCA:JPIE) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,940 shares of the company’s stock after acquiring an additional 616 shares during the period. Independent Wealth Network Inc.’s holdings in JPMorgan Income ETF were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JPIE. Transform Wealth LLC increased its position in shares of JPMorgan Income ETF by 4.7% during the third quarter. Transform Wealth LLC now owns 5,148 shares of the company’s stock worth $239,000 after acquiring an additional 231 shares during the period. LGT Financial Advisors LLC lifted its stake in shares of JPMorgan Income ETF by 75.4% during the third quarter. LGT Financial Advisors LLC now owns 1,019 shares of the company’s stock worth $47,000 after buying an additional 438 shares during the period. Opes Wealth Management LLC lifted its position in JPMorgan Income ETF by 5.1% during the third quarter. Opes Wealth Management LLC now owns 9,382 shares of the company’s stock valued at $435,000 after purchasing an additional 452 shares during the period. D.A. Davidson & CO. lifted its position in JPMorgan Income ETF by 8.5% during the third quarter. D.A. Davidson & CO. now owns 6,350 shares of the company’s stock valued at $295,000 after purchasing an additional 500 shares during the period. Finally, Investment Partners Asset Management Inc. raised its position in shares of JPMorgan Income ETF by 7.3% in the third quarter. Investment Partners Asset Management Inc. now owns 8,714 shares of the company’s stock worth $404,000 after acquiring an additional 596 shares during the period.

JPMorgan Income ETF Price Performance

JPIE stock opened at $45.84 on Thursday. The firm has a 50-day simple moving average of $45.76 and a 200-day simple moving average of $45.86. JPMorgan Income ETF has a 52 week low of $44.80 and a 52 week high of $46.43.

JPMorgan Income ETF Company Profile

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions.